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Senator probes Cantor Fitzgerald's role in Tether's US reserves and sanction evasion claims

Market News
08 Oct 2026
Tokenpost
View Source
Bearish
Senator probes Cantor Fitzgerald's role in Tether's US reserves and sanction evasion claims

Senator Richard Blumenthal has requested detailed information from Cantor Fitzgerald about its custody of Tether's U.S. reserves and the stablecoin's alleged involvement in sanction evasion, particularly relating to Iran and Russia. The inquiry aims to clarify Cantor's business relationship with Tether, its banking operations, and compliance with sanctions. This investigation could influence upcoming digital asset regulations as Congress evaluates the stablecoin's use in illicit finance. A potential shift in Senate majority after the midterms may increase the investigative powers of Blumenthal and other Democratic senators involved in this matter.

Tether (USDT) is trading at Rp17.885 on Pluang as of Oct 09, 2026 11:02 WIB, showing a slight 0.10% increase in the last day. The stablecoin holds a market cap of Rp3.293,63 trillion with a 24-hour trading volume of Rp1.746,17 trillion. On Pluang, sell orders dominate with 59% of activity, while typical investors hold their positions for about 90 days.

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